Location: San Angelo, TX | Metro: San Angelo, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
$1150 is the Fair Market Rent (FMR) for ZIP 76902 for fiscal year 2024, according to HUD guidelines. This figure represents the maximum amount a landlord can charge for a rental unit under the Section 8 program.
N/A is the market rent for ZIP 76902, indicating a lack of recent data or significant variability in rental prices. This absence of precise market rent figures makes it challenging to compare the FMR with actual market conditions.
N/A is the median home value in ZIP 76902, suggesting limited data on home values or a highly varied housing market. This lack of specific figures means that investors must rely on other metrics for evaluating the local real estate market.
N/A% is the share of renters in ZIP 76902, showing that there is insufficient data to determine the proportion of residents who rent versus those who own their homes. This gap in information could affect investment decisions regarding rental properties.
N/A is the median income in ZIP 76902, which is crucial for understanding the economic profile of the area but cannot be accurately assessed due to the lack of data.
N/A-day is the Days on Market (DOM) for listings in ZIP 76902, implying that there is no recent trend data to gauge how quickly properties are selling. This uncertainty could impact the timing and strategy of real estate investments.
N/A% is the share of homes that have been price-cut in ZIP 76902, indicating a lack of historical data on price adjustments. This absence of information on pricing trends could make it difficult for investors to set competitive rental rates or purchase prices.
In conclusion, while the $1150 FMR provides a clear benchmark for rental units under the Section 8 program, the scarcity of other key data points such as market rent, median home value, renter share, median income, DOM, and price-cut share suggests a need for caution and further research when considering investments in ZIP 76902.
Section 8 Verdict: Caution advised; limited data availability requires thorough local market investigation.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.